More than two months after the United Kingdom's decision
to leave the EU, predictions about what the UK's exit will look
like are still speculative.
What are the legal and constitutional implications of
Brexit for the BVI?
For now, nothing will change for the BVI as the UK has not yet
exercised Article 50. When it does, the separation process is
likely to take at least two years. Once the UK leaves the EU, the
BVI will cease to be one of the EU OCTs. However, the BVI's
relationship with the UK will not change and we expect the
BVI's relationship with those other UK Crown Dependencies and
Overseas Territories that have strong financial services sectors to
remain strong.
EU legislation does not apply to the BVI directly; so there are
unlikely to be any significant legal or constitutional changes to
BVI law. However, once the UK leaves the EU, it is likely that its
foreign policy and the economic and financial sanctions it chooses
to apply will start to differ from
